Showing 1 - 10 of 11,508
In McLean and Postlewaite (2002), we analyzed pure exchange economies with asymmetrically informed agents. We defined a notion of informational size and showed that, when the aggregate information of all agents resolves nearly all the uncertainty regarding the state of nature, the conflict...
Persistent link: https://www.econbiz.de/10014089832
Persistent link: https://www.econbiz.de/10001040826
Persistent link: https://www.econbiz.de/10003811946
Persistent link: https://www.econbiz.de/10003333444
The objective of this note is to analyze some implications of the model of commodity money described in Banerjee and Maskin (1996) which may seem paradoxical. In order to do this, we incorporate a general production cost structure into the model. We focus on two different results. First, the...
Persistent link: https://www.econbiz.de/10014151601
Persistent link: https://www.econbiz.de/10003783110
Persistent link: https://www.econbiz.de/10003783114
Persistent link: https://www.econbiz.de/10010250038
Persistent link: https://www.econbiz.de/10003661983
Persistent link: https://www.econbiz.de/10011297086